Search Results : Swiss Bank Account


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NY Times: Switzerland to Allow Its Banks to Disclose Hidden Client Accounts

New York Times DealBook: Switzerland to Allow Its Banks to Disclose Hidden Client Accounts, by Lynnley Browning: The Swiss government said on Wednesday that it would allow its banks to disclose information on American clients with hidden accounts, a watershed move intended to help resolve a long-running dispute with the...

Le Sigh: France Embroiled In Major Political Scandal as Former Socialist Budget Minister Caught Hiding Money In Swiss Bank Accounts

I came across this in Le Figaro, trying to keep my hand in at French. It doesn't seem to be getting much play in the American press. But Le Figaro is pretty much this story all down the home page....

The media exposes the King of Spain's Bank Accounts in Switzerland

The latest scandal to hit the monarchy has exposed the existence of various Swiss bank accounts under the names of the king of Spain and other members of the royal family, with a total balance of more than 4 million euros.

Socialists In Shock

Socialists in France are in shock at the revelation that the French Government's budget minister - Jerome Cahuzac (JC) - had 600,000 Euros in a secret Swiss bank account. Sacre bleu! - as they say across the Channel. I bet Gerard Depardieu...Show More Summary

Swiss Account of Ex-Minister Further Darkens Hollande’s Political Fortunes

The troubling political outlook for French President François Hollande darkened further April 2, after his former austerity-enforcing Budget Minister Jérôme Cahuzac admitted to possessing a secret Swiss bank account whose existence he previously denied. Show More Summary

The "Wealth Tax" Contagion Is Rapidly Spreading: Switzerland, Cyprus And Now ....

It was only yesterday that we wrote about comparable problems to those which Russian depositors may (or may not be?) suffering in Cyprus right, this time impacting wealthy Americans and their Swiss bank accounts, where as a result of...Show More Summary

A New Lease on Life for the Mysterious Lost Bank Accounts of Switzerland

One of the most enduring myths associated with Swiss banks is the money of “unknown” origin that has been hidden in their coffers for generations. Due to a number of laws enacted in the past 15 years, Switzerland’s financial institutions...Show More Summary

IRS Ramps

Accounting Today, Swiss Bank Wegelin to Pay $58M for Conspiring to Evade Taxes Bloomberg, Wegelin Must Pay $58 Million in U.S. Tax Prosecution Forbes (Janet Novack), IRS Yanks Criminal Amnesty Deal From Taxpayers With Secret Bank Leumi Accounts Forbes (Robert W. Wood), Swiss Bank's Tax Evasion Sentence Is Really Death...

Man sentenced for hiding millions in Swiss bank account

3 years agoNews : Field Notes

An 83-year-old Massachusetts man on Tuesday was sentenced to pay back millions in penalties and back taxes for spending years hiding his wealth from the Internal Revenue System in Swiss Bank Accounts.

What’s Behind Moving Swiss Bank Clients from Unallocated to ‘Allocated’ Gold Accounts?

Swiss banks UBS and Credit Suisse, have moved to offer ‘allocated’ gold and silver accounts to their clients, including high net worth individuals, hedge funds, other banks and institutions.

Gold & Silver Jump on Weak US Data, Big Swiss Banks Raise Gold Account Fees

Gold and silver jumped to 4-session highs above $1674 and $31.65 per ounce respectively Wednesday lunchtime in London, gaining as new data showed the US economy unexpectedly shrinking in late 2012.

Swiss Banks Now Offer Allocated Gold, Silver Accounts

From GoldCore Swiss Banks Offer Allocated Accounts As Move To Allocated Internationally Today’s AM fix was USD 1,666.25, EUR 1,230.70, and GBP 1,057.20 per ounce. Yesterday’s AM fix was USD 1,660.50, EUR 1,235.12, and GBP 1,057.17 per ounce. Show More Summary

The Morning Wrap

Chasing Dodgers: The taxmen at the Internal Revenue Service can get some records on Swiss bank accounts under a ruling Monday by U.S. District Judge William Pauley in Manhattan, and prosecutors say it is one more step toward identifying and...

Judge Gives IRS Access to More Accounts at UBS and Wegelin

Just when it seemed as if every Swiss bank account was out in the open, the IRS is on the scent again. A federal judge has approved a Summons on for secret account data about Wegelin & Co, the indicted and doomed Swiss bank. That means more names of more account holders. With Indictments, IRS [...]

Greek Parliament Votes to Investigate Ex-minister

(ATHENS, Greece) — Greek lawmakers voted early on Friday to investigate former finance minister George Papaconstantinou over his handling of data on Greeks with Swiss bank accounts and whether he amended the list to remove three of his relatives. Show More Summary

Greek Unemployment Hits Record High

Unemployment in Greece has climbed even higher, reaching 26.8% in October, according to figures released today, while another lawmaker abandoned the coalition government over a Swiss Bank account scandal. The Statistical Authority said unemployment increased from 26.2% in September 2012, and marked a significant jump from the 19....

Florida Widow Guilty + $21M Penalty for Inherited Swiss + Liechtenstein Accounts

It’s no secret the IRS is taking a hard line on undisclosed foreign bank accounts. An IRS voluntary disclosure can bring accounts into compliance with finite penalties and no criminal prosecution for those who come forward before being discovered. See FBAR Penalties Just Got Even Worse. For those who don’t participate, the odds of being [...]

Is This What The New "Swiss Bank Account" Looks Like?

There was a time when everyone (who was anyone) wanted a Swiss bank account, as much as an offshore cash parking vehicle as for its hushed prestige, whispered to a select few during Hamptons' cocktail parties. Those days are now gone, with the last remaining anonymous offshore private banking bastion left being Singapore, if even that. Show More Summary

Tax Evasion Closes Oldest Swiss Bank

Switzerland's oldest bank is to close after pleading guilty to helping some of the U.S.'s richest people evade paying taxes on at least $1.2 billion which was hidden in secret offshore accounts. Wegelin, which started business 35 years...Show More Summary

The 'Lagarde List' Is Back, And Things Could Get Really Explosive In Greece Again

Remember Greece? The infamous "Lagarde List" saga has the potential to drag it back into the spotlight tomorrow. The original list – which reportedly contains the names of around 2000 Greeks with bank accounts at the Swiss branch ofShow More Summary

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